International business account provider

Mercury

US business banking fintech

Mercury is not a bank. It is a US business banking fintech. Banking services are provided through partner banks, and eligible deposits are held through those arrangements.

At a glance

Provider type: US business banking fintech
Legal model: Fintech, not a bank. Banking services are provided through Choice Financial Group and Column N.A., Members FDIC.
Global reach: Medium-high
Business eligibility: US-formed companies. Many international founders may qualify, subject to residence restrictions and US operations.
Multi-currency: Primarily USD. International wires in 40+ currencies. This is not a broad held-currency account.
Local receiving details: US banking details.
International payments: Domestic and international wires. A US entity is required.
Cards: Business debit and credit cards.
Accounting integrations: Accounting and payment integrations and automation. Named accounting products are not listed.
Customer-money model: Partner-bank deposit. Eligible deposits may be FDIC insured through partner banks and a sweep network, subject to programme terms. Mercury itself is not the insured bank.

What is this provider?

Mercury provides business banking technology for US-formed companies. The accounts and cards are delivered with partner banks, Choice Financial Group and Column N.A., Members FDIC. International founders may qualify only where the residence and US-operations conditions are met.

Which businesses can open an account?

US-formed companies. Many international founders may qualify, subject to residence restrictions and US operations.

Company requirement: US-incorporated company required.

Owner or director residence: International founders may qualify, subject to residence restrictions and US operations.

Sector restrictions and any requirement for a local presence are not stated beyond that eligibility. A published focus is not a decision that your company can open the account.

Where is it available?

The company must be formed in the United States. International founders are part of the published use case, subject to residence restrictions and US operations. This is not an account for a company incorporated elsewhere.

Is this actually a bank account?

Business-finance platforms can provide account details, cards and payment infrastructure while operating under very different legal models.

Fintech using partner banks

Fintech, not a bank. Banking services are provided through Choice Financial Group and Column N.A., Members FDIC.

Holding and managing currencies

Holding a currency, converting it, receiving it and sending it are separate functions. A currency count on its own does not describe which of those the company can do.

The account is USD-led. International wires in 40+ currencies are stated. That wire figure is not a count of currencies the company can hold.

Primarily USD. International wires in 40+ currencies. This is not a broad held-currency account.

Getting paid internationally

Local receiving details can make it easier for customers to pay domestically even when your company operates internationally. Those details are not the same as a domestic bank account in that country.

US banking details for receiving into a US business account.

US banking details.

Paying suppliers and contractors

Domestic and international wires. The company must be a US entity.

Domestic and international wires. A US entity is required.

Cards and company spending

Business debit and credit cards, spend management, bill pay and invoicing are stated. Employee-card rules are not separately stated.

Business cards: Business debit and credit cards.

Expense management: Spend management, bill pay and invoicing.

Accounting and finance integrations

Accounting and payment integrations and automation. Named accounting products are not listed.

What does the account cost?

Check current provider pricing. Monthly plans, payment fees, FX, cards, extra users and local payout fees can all change, and this comparison does not repeat a figure that is not captured here.

No minimum balance and no required monthly fee for core checking and savings. Certain advanced features charge.

How is business money held?

A bank deposit, a partner-bank deposit, safeguarded customer funds and an e-money balance are different legal arrangements. They should not be treated as equivalent.

Partner-bank deposit

Eligible deposits may be FDIC insured through partner banks and a sweep network, subject to programme terms. Mercury itself is not the insured bank.

Protection depends on the legal entity and jurisdiction serving the business.